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Fractal to build terror and cyber underwriting platform

Virginia-based tech firm Fractal Industries is developing a terrorism and cyber-focused underwriting platform after hiring a five-strong team of (re)insurance specialists to increase its presence in the sector

Charlie Thomas, 11 October 2017
California wildfires widen, charring homes and wineries

Wildfires in Northern California have scorched over 115,000 acres, destroyed more than 2,000 buildings and left at least 21 dead since Sunday and the flames continued to spread today, driven by gusting winds and fueled by dry conditions.

Ted Bunker, 11 October 2017
XL puts Q3 pre-tax cat loss at $1.48bn

XL Group put its pre-tax cat losses for the third quarter at $1.48bn, net of reinsurance.

Iulia Ciutina, 11 October 2017
House panel forgives $16bn NFIP debt but omits reforms

The National Flood Insurance Program would have $16bn erased from the estimated $30bn it owes the US Treasury under a bill that passed the Appropriations Committee of the House of Representatives late Tuesday.

Ted Bunker, 11 October 2017
Marsh makes bid for sharing economy cover

Marsh has laid out a plan to help communications, media and technology (CMT) clients better insure the sharing economy, in a report that urges such firms to raise their insurance game

Bernard Goyder, 11 October 2017
Hiscox requests Lloyd’s pre-emption of £450mn

Hiscox Syndicate 33 plans to increase its 2018 stamp capacity by £450mn ($594mn) to £1.62bn to take advantage of an expected "widespread market turn" following recent major catastrophe events.

Catrin Shi, 11 October 2017
MMA’s Eslick takes CIAB chairman role

David Eslick, the chairman and CEO of US mid-market insurance broker Marsh & McLennan Agency (MMA), is to take the chairman role at the Council of Insurance Agents & Brokers (CIAB) in 2018.

Laura Board, 11 October 2017
Axis appoints duo to US programs division

Axis Insurance has promoted Tim McGee to the newly created role of senior vice president and US programs underwriting director.

Catrin Shi, 11 October 2017
Hiscox names London Market CEO

Hiscox has promoted Kate Markham to the newly-created role of London Market CEO.

Catrin Shi, 11 October 2017
Renewable energy needs better insurance products: Swiss Re

The renewable energy industry is the commercial sector most in need of innovative insurance products, according to Swiss Re's most recent Sigma report

Charlie Thomas, 11 October 2017

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